Ally Financial (NYSE:ALLY) Reaches New 12-Month Low at $22.05

Ally Financial Inc. (NYSE:ALLY – Get Rating) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $22.05 and last traded at $22.52, with a volume of 5120221 shares trading hands. The stock had previously closed at $25.82.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent research reports. TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a research report on Thursday, February 2nd. Jefferies Financial Group cut shares of Ally Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $25.00 in a report on Tuesday, January 10th. Bank of America cut shares of Ally Financial from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $35.00 to $26.00 in a report on Thursday, January 5th. Morgan Stanley lifted their target price on shares of Ally Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, February 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus target price of $35.24.

Ally Financial Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $28.62. The stock has a market capitalization of $6.93 billion, a PE ratio of 4.64 and a beta of 1.37.

Ally Financial (NYSE:ALLY – Get Rating) last released its quarterly earnings data on Friday, January 20th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.10. Ally Financial had a net margin of 20.34% and a return on equity of 17.98%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities analysts predict that Ally Financial Inc. will post 3.65 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 5.21%. Ally Financial’s dividend payout ratio is currently 24.14%.

Institutional Trading of Ally Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. increased its holdings in Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after buying an additional 345 shares during the last quarter. Syverson Strege & Co purchased a new stake in Ally Financial during the second quarter valued at approximately $26,000. Private Trust Co. NA increased its holdings in Ally Financial by 99.8% during the third quarter. Private Trust Co. NA now owns 891 shares of the financial services provider’s stock valued at $25,000 after buying an additional 445 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Ally Financial in the third quarter worth $28,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Ally Financial in the fourth quarter worth $28,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

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Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.